Analysis: BTC implied volatility hits three-month high on the eve of the US election

Odaily Planet Daily Report: Betting market indicators show that the competition in key swing states in the US presidential election will be fierce, and the BTC expected price volatility index based on options has hit a new three-month high. According to data from the chart platform TradingView, the BTC implied volatility index (DVOL) of the cryptocurrency options exchange Deribit has risen to an annualized 63.24%, the highest level since the end of July. The 7-day implied volatility of BTC (covering the Federal Reserve meeting on Thursday and the expected election results on Friday) has soared to an annualized 74.4%, far higher than the 7-day actual volatility or historical volatility of 41.4%. In addition, option indicators measuring expected price volatility within four weeks have also seen a significant increase in the foreign exchange and US Treasury markets, with the Ice BofA Move index, which measures the 30-day implied volatility of US Treasuries, soaring to 135% last Friday, the highest level since October 2023.